Deutsche Bank Sees 82% Upside For AST SpaceMobile (ASTS) After 62% Plunge From May Highs
AST SpaceMobile (ASTS) closed at $50.97 on October 9, marking a 62% decline from its May 28 peak as investor sentiment soured sharply. Deutsche Bank analyst Bryan Kraft upgraded ASTS from Hold to Buy on October 12, maintaining his $93 price target representing 82% upside from that close. Kraft had previously turned cautious on the…
IonQ (IONQ) Drops 9% After Announcing All-Stock Elisity Acquisition Worth Up To $1.3B
IonQ (NYSE: IONQ) shares fell sharply to $36.19, sinking 9% in morning trading after the quantum computing firm unveiled a major all-stock cybersecurity acquisition. The deal, which values privately held Zero Trust enterprise security company Elisity at up to $1.3 billion, will be paid entirely in IonQ stock, triggering immediate dilution concerns among existing shareholders….
Large-Cap Stocks (RTX, LMT, SAP) Push Toward Record Territory As Small Caps Fall Behind
Last week’s market action showed a clear divide between large-cap strength and small-cap weakness, with major indexes hovering near historic highs. The S&P 500 gained 1.15% on the week to close at 7,811.54, stopping just short of its 52-week high of 7,844.52, while the Nasdaq Composite added 0.64% to finish at 27,366.17. The Russell 2000…
AI Spending Shift Could Make Salesforce (CRM) A Winner While Adobe (ADBE) Faces Growing Pressure
As enterprise IT budgets increasingly pivot toward artificial intelligence software, analysts say some of the biggest names in tech face very different futures. The shift is being closely watched across Wall Street, where investors are trying to identify which software companies stand to benefit most from changing spending priorities. Salesforce (CRM) is emerging as a…
India’s Retail Inflation Surges To 22-Month High Of 5.54% In September, Piling Pressure On Central Bank
India’s headline consumer price inflation climbed to 5.54% in September, up sharply from 4.82% in August, beating economist estimates to the upside. The consumer price index print came in above a Reuters poll forecast of 5.40%, marking the 11th consecutive month of rising inflation in the world’s fastest-growing economy. September’s reading represents a 22-month high…
Republican Senators Push Government Watchdog To Sue Trump Over Withheld Federal Funds
Congress is growing increasingly frustrated with a powerful oversight agency that has identified illegal funding moves by the White House but refuses to act. The Government Accountability Office concluded this week that the White House illegally withheld more than $1 billion earmarked for education and health care research programs. That finding is the latest in…
Speaker Johnson Vows To Stay On As House GOP Leader Even If Republicans Lose The Majority
House Speaker Mike Johnson says he plans to remain the Republican leader in the House even if the party loses its majority in the 2026 midterm elections. Johnson addressed the question directly in comments to CBS News, pushing back on speculation that he might exit politics if the GOP falls short in November. “In the…
Astronomers Find First Evidence Of A Second-Generation Planet Orbiting A Dying Star
Astronomers have discovered evidence of a second-generation planet orbiting a white dwarf star, marking a historic first in planetary science research. The findings, published in Nature Astronomy, center on white dwarf star HS 0209+0832, a core remnant of a low-mass star located roughly 270 light-years from Earth. Unlike first-generation planets, which form from material left…
Nasdaq Futures Climb As Earnings Season Kicks Off With Bank Reports And Key Inflation Data In Focus
U.S. stock futures climbed early Monday as investors prepared for the official start of the third-quarter earnings season across Wall Street. As of 4:00 a.m. ET, Nasdaq, S&P 500, Dow, and Russell 2000 futures each gained 0.2% ahead of a busy week of corporate and economic catalysts. The modest premarket gains followed a strong week…
Wall Street Upgrades Humana (HUM), Initiates SpaceX (SPCX) As Analysts Shift Ratings Across Key Sectors
Friday’s analyst activity delivered sweeping rating changes across aerospace, industrials, healthcare, and technology, signaling shifting sentiment among major Wall Street firms. Baird upgraded Humana (HUM) to Outperform from Neutral, raising its price target to $596 from $390, citing greater confidence in the company’s $35-plus of 2028 adjusted earnings per share power. Oppenheimer upgraded Fastly (FSLY)…
